UBS analyst Thomas Wadewitz lowered the firm’s price target on United Airlines (UAL) to $128 from $131 and keeps a Buy rating on the shares. United pointed to strength in bookings in September and October, which supports significant improvement in revenue and TRASM performance in Q4, the analyst tells investors in a research note. While United didn’t guide to a specific CASM-ex range for 2026, their comments point to 3%-4% growth, UBS says.
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